Market Report - Condos - Aventura, FL as of 8/22/11
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Transcript of Market Report - Condos - Aventura, FL as of 8/22/11
11 62563
2652.0 20
2.0
6
307
2.0 187
210
3
10
29
$ 299,000
12
4
188
3.0
82.0
1094
187
$ 181,950
2.0
325
$ 449,000
3.0$ 770,000
14
12
1664
In the last few weeks we've seen prices in this zip code bouncingaround this plateau. Look for a persistent down-shift in theMarket Action Index before we see prices deviate from theselevels.
The market has shown some evidence of slowing recently. Bothprices and inventory levels are relatively unchanged in recent weeks.Watch the Market Action Index for changes as it can be a leadingindicator for price changes.
Inventory has been tightening and days-on-market increasingrecently. The Market Action Index has been basically flat, notproviding strong indication for market conditions.
MIAMI, FL 33180 -Michael's ExecutiveSummary
187
1320
2.0
Monday August 22, 2011
The median list price in MIAMI, FL 33180 - Aventura this week is$369,000.
Investigate the market in quartiles -where each quartile is 25% of homesordered by price.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Beds Baths Age Inventory New Absorbed DOMSquare Feet
Michael Solovay | www.WhatsThePointofAventura.com | 305.332.4260
No change Strong upward trend Strong downward trend
Slight upward trend Slight downward trend±+ == ≠≠
≠=
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Condos - Townhomes - TICs
15.9
Percent Relisted (reset DOM)
1481
2.0
5 %
Median Number of Bathrooms
277
Median List Price
Average Days on Market (DOM)$ 255
Percent Flip (price increased)Median House Size (sq ft)
$ 369,000
21 %
2.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
4 %Percent of Properties with Price Decrease
Strong Buyer's
±+
±+
==
±+
Bottom/Fourth
Lower/Third
Upper/Second
Top/First
This Week
Supply and Demand
Real-Time Market Profile Trend
Price
Price Trends
Market Action Index
The Market Action Index answers the question "How's theMarket?" by measuring the current rate of sale versus theamount of the inventory. Index above 30 implies Seller'sMarket conditions. Below 30, conditions favor the buyer.
QuartilesCharacteristics per Quartile
90-Day Rolling Average7-Day Rolling Average Buyer/Seller Cutoff
90-Day Rolling Average7-Day Rolling Average